On Tuesday, Performance Food Group earned a positive adjustment to its Relative Strength (RS) Rating, from 62 to 74.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their biggest runs. See if Performance Food Group can continue to show renewed price strength and clear that threshold.
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Performance Food Group is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could kick off a new price move.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 9%, compared to 1% in the prior report. Revenue increased from 3% to 9%.
Performance Food Group earns the No. 4 rank among its peers in the Wholesale-Food industry group. US Foods Holding is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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